Monday, October 13, 2008

Merchant Services Company Update

BCC Enterprises name was changed to BCC Merchant Solutions to bring all of our products together.

BankCard Central and SilverStream Marketing are products under BCC Merchant Solutions.

BankCard Central includes:

Silver Stream Marketing includes:

  • Internet Marketing
  • Website Design
  • Email Marketing
  • Direct Mail Marketing

Additional products that we have added to our product list are:

Thursday, August 30, 2007

Restaurants and Credit Card Fraud

One of the largest segments we service at BankCard Central is restaurants. In recent years, much has been said about the security of payments on the internet. However, it is not a commonly known fact that restaurants actually make up the highest percentage of cardholder data compromises of all business segments. What we have found most concerning is that restaurant owners themselves have not been well educated on the dangers they face in regards to cardholder data compromises, credit card fraud and personal identity theft.

To read more on cardholder security and the dangers facing restaurants and patrons go to Restaurants and Credit Card Fraud. Here you will find a great article packed with examples, statistics and information on the Payment Card Industry Data Security Standards (PCI DSS) and how it all relates to restaurants.

Friday, August 10, 2007

BankCard Central Offers Free Quick Guide to Restaurant Marketing

BankCard Central, in partnership with Restaurantpartner.com, is offering a free Quick Guide to Restaurant Marketing for all new merchants requesting a rate analysis on Bankcardcentral.com. This quick guide offers nearly 100 pages of tested and proven promotions, marketing ideas, examples and statistics. This easy to read and simple to follow book is a must read for restaurants looking to increase sales and compete against their countless competitors. This is just one of the many new solutions that BankCard Central is offering restaurants. In addition, BankCard Central is leading the way in wireless and pay-at-the-table credit card processing as well as educating restaurants on the importance of PCI (payment card industry) compliance and securing cardholder data.

Check out our Quick Guide to Restaurant Marketing.

Thursday, June 14, 2007

Business Capital Corporation Announces Partnership with AdvanceMe to Provide Businesses Immediate Capital

FOR IMMEDIATE RELEASE


Business Capital Corporation Announces Partnership with AdvanceMe to Provide Businesses Immediate Capital

Kansas City based Business Capital Corporation offers a cash advance program to qualified businesses in need of funds based on their future credit card transactions. A business can leverage a portion of future credit card sales for immediate cash.

Kansas City, MO June 11, 2007 – Kansas City based Business Capital Corporation (http://www.buscapcorp.com/), offers a cash advance program to qualified merchants, in need of immediate capital, based on the business’ future credit card transactions. The business receives funding for their business needs, by selling a portion of its future credit card transactions for a five to twelve month period.

Many small businesses run into cash flow trouble, which according to the Small Business Administration “Inadequate or ill-timed financing is a major reason for small business failure.” The cash advance program is designed to help businesses through this time.

Their clients call this process “painless” funding. A business in need of cash contacts Business Capital Corporation for funding, and fills out an online application. AdvanceMe, the arm that powers the merchant cash advance, determines the estimated maximum cash advance based on credit card transaction history. They factor the funding for the business, and deposit the amount into the business’ account to use at their discretion. A portion of the purchased future receivables is deducted from Visa/MasterCard sales until the amount purchased is achieved.


To learn more about this cash advance program you can visit their website at http://www.buscapcorp.com/, or call Jessica Piggee, Director of Sales at 866-273-1133.


About Business Capital Corporation

Business Capital Corporation, established in 2001, offers a cash advance program which provides qualified merchants ready access to capital for their business needs. They are a leader in merchant-focused cash management services.

These services include cash advances, fund management, vendor payments and check services. They are part of the BCC family of companies based in Kansas City, MO. BCC member companies include BankCard Central, VirtualTrak Technologies, Silver Stream Marketing, and Business Capital Corporation.

BCC Enterprises is a group of independent companies offering electronic payment solutions and value-added business services.

Contact:

Office: 866-273-1133
http://www.buscapcorp.com/

Tuesday, May 1, 2007

PCI Security Standards - Compliance

Many merchants are not aware that all companies who accept, process, or store credit card data need to comply with the Payment Card Industry [known as PCI] security standards.

PCI specifies how to protect the payment transaction details and the cardholder data against potential theft and identity abuse leading to financial theft. Proof that a merchant is securing the payment is no longer an option.

PCI standard must be validated by Sept. 30, 2007!!
This security standard environment applies to:

  • Card-present
  • Card-not-present
  • E-Commerce and
  • Mail order/telephone order [MO/TO]

BankCard Central merchants have the advantage of getting their business validated to the PCI security standard with relatively little pain. If you need more information on PCI Compliance and answers to potential questions please contact us 800-331-8882.

BCC has expert knowledge of what PCI validation a merchant has to meet based on annual sales volume. BCC, as the acquiring ISO, is held responsible for this proof.

Failure by merchants, or service providers, to prove the security standard can result in a fine starting at $50,000 for the first violation. Small to medium sized businesses can rarely survive this financial impact.

Research shows that card holders want the assurance their personal credit and identity is protected. In return, they usually purchase more - buying more often and increasing the individual purchase amount too.

Payment Card Industry (PCI) Compliance was created by the major credit card companies (Visa, MasterCard, American Express, Discover and JCB) to protect cardholders from increasing security breaches and identity theft.

2007 Payments Fraud Survey

In March of 2007, the Association for Financial Professionals released the 2007 Payments Fraud Survey, distributing the information underwritten by Electronic Payments Network. Fraudulent payments seem to be on the rise and with the different types of payment acceptance; thieves are finding new and inventive ways to defraud businesses.

The survey found that during 2006, 72% of businesses experienced some type of payment fraud. While checks are preferred by thieves, the results of the survey showed that ACH debit fraud was at 35%, consumer credit cards were 17%, and corporate purchasing cards were at 14%. While fraud is continuously growing, the organizations surveyed reported that financial losses did not rise in 2006. Only 31% of the organizations surveyed reported financial loss of less than $25,000.

Businesses can fight against fraud by reviewing their internal processes, adopting fraud control services, and generally being aware of the types of fraud that can occur at their business. BankCard Central is well aware of the different types of fraud and strives to keep abreast of the latest information available. Technological advances and education will help safeguard businesses against fraud. For more information, contact BankCard Central or check out www.afponline.org.

http://www.afponline.org/pub/pdf/2007PaymentsFraudSurvey.pdf

Business Cash Advance

Could you use additional capital to grow and expand your business? Did you know that you can get up to 1.5 times your monthly Visa and MasterCard processing in the form of an advance? Have you had trouble receiving funds from traditional lenders?

Business Capital Corporation would like to enable you to grow with more inventory, equipment, advertising or even a renovation. You will not be burdened with the task of having to make payments. Instead, 15-25% of your daily batch is applied toward the advance balance. It's fast, easy and convenient.

If you are interested in obtaining funds, please contact one of our experts at 800-331-8882. All you need is to process more than $4000.00 a month in Visa and MasterCard transactions and you could have the funds in as little as 4 business days!